Bharti Telecom buys shares of Airtel worth Rs 20.50 crore

Bharti Airtel informed the Bombay Stock Exchange (BSE) that its largest promoter Bharti Telecom has bought its shares worth Rs 20.50 crore through open market operations.

The promoter had 45.60% stake in its Telecom subsidiary prior to acquisition. With this, its overall stake in Bharti Airtel went up to 45.62%.

Bharti Telecom acquired 5,90,240 shares of the Bharti Airtel totalling Rs 20.50 crore, the company said in a disclosure to the BSE.

At 1:33 pm IST, Bharti Airtel's scrip was trading at 351.10, up by 1.36% or 4.70 points on the BSE.

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